About Us

Insurance Sectors We Serve:

"Joe Petrelli's native ability to assess, evaluate and rate experience and factual data objectively is one asset whose strength is off the charts! He has practiced and preached his faith in transparency and accountability before the business schools and business got religion."Steve Acunto, Insurance Advocate

First to issue FSRs for public entity liability self-insured pools through the implementation of our Management Audit Process.

1989

First to have Property and Casualty insurance company rating process formally reviewed and accepted by Fannie Mae.

1990

First to have Property and Casualty insurance company rating process formally reviewed and accepted by Freddie Mac.
Began offering Property and Casualty insurance companies and Title underwriters loss cost analysis and rate, rule and form filing assistance.
Addressed the National Association of Insurance Commissioners (NAIC) requirements for Property and Casualty insurers to submit actuarial opinions related to loss and loss adjustment expense reserves concurrent with the 1990 Property and Casualty annual statement.

1992

First to issue FSRs for Title underwriters.

1993

First to have Property and Casualty insurance company rating process formally reviewed and accepted by the United States Department of Housing and Urban Development (HUD).

First to promulgate Commercial Real Estate Recommendations (CRERs) to provide additional financial due diligence of Title underwriters involved in larger real estate transactions.

1996

Contacted by the Florida Office of Insurance Regulation (OIR) when the property insurance market encountered newly established insurers that did not have the representative historical operating experience to meet traditional rating requirements.
Demotech developed evaluation procedures for the assignment of FSRs to newly formed companies.
Coordinated the first seminar regarding the implementation of Statements of Actuarial Opinion for Title insurance companies on behalf of the Conference of Consulting Actuaries.

1999

Co-authored the Commerce Clearing House publication describing the evolution of the Canadian Title insurance industry.

Assisted the North Carolina Title Insurance Rating Bureau with the development and filing of Closing Services product.
Assisted the OTIRB with its first rate revision since 1980.

2004

Introduced Demotech Performance of Title Insurance Companies and Quarterly Updates, presenting consolidated statutory financial information for the Title insurance industry.
Published Serious about Solvency – Financial Stability Rating® Survival Rates 1989 through 2004. This publication outlines the description of our analysis process, the assignment of FSRs and the survival rates of those ratings. This retrospective analysis indicates that insurers earning FSRs of A or better had survival rates at or above expectations.

Joseph L. Petrelli, ACAS, MAAA, FCA, authored What We've Got Here Is a Failure to Communicate – How Traditional Financial Reporting Contributes to Misunderstanding of Title Insurance Loss Activity. This discussion expounds upon the unintended and unfortunate ramifications of Title underwriters' required conformance with Property and Casualty financial reporting standards and how industry comparisons fail to recognize fundamental differences between Title and Property and Casualty coverage characteristics.

2007

Designated the Official Research Partner of Insurance Journal, providing research, actuarial and statistical support and collaborating on special joint reports pertaining to insurance industry performance and financial results.

A leading insurance agent's errors and omissions insurance carrier retains Demotech to perform a financial due diligence on the carriers that will receive an extension of insolvency coverage.
Introduced Stakeholder Team Accomplishment Recognition™ to identify P&C insurers that were able to successfully address the diverse needs of all corporate stakeholders.
Achieved the milestone of more than 400 insurance entities being actively reviewed, rated and followed.

2014

Achieved the milestone of more than 400 insurance entities being actively reviewed, rated and monitored.
Fannie Mae MultiFamily accepted captive insurers and risk retention groups rated A or better by Demotech as regards professional and general liability insurance coverage for senior housing facilities.
Nominated for Intelligent Insurer Global Award - Best Rating Agency.
ACQ Global Awards 2014 - US - Niche Financial Analysis Provider of the Year (Insurance).
ACQ Law Award 2014 - Niche Lawyer of the Year - US to W. Burke Coleman, Esquire, Demotech's Legal Counsel and Compliance Manager.